Pakistan’s cotton market is currently experiencing a sharp upward pressure on prices, influenced by fluctuations in quality standards and prevailing payment conditions. Market experts warn that available cotton stocks have reached critically low levels, creating a severe imbalance between supply and demand that continues to destabilise the market. Forward trading activity for the new crop ha
Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with Executive Chairman Barrick Gold, John L Thornton to review progress and discuss future steps regarding the Reko Diq Copper-Gold Project. During the meeting, both sides exchanged views on the development of the project and discussed ongoing efforts aimed at advancing work on Reko Diq, which is among the world’s largest undevelo
In line with the directions from the Federal Minister of Maritime Affairs Junaid Anwar Chaudhry, the Gwadar Port Authority has revised its port tariff structure to attract greater transit and international transshipment container traffic through Gwadar port. According to a statement released on Monday, the decision to significantly reduce tariffs is expected to increase global transit traffic.
Selling pressure returned to the Pakistan Stock Exchange (PSX) after renewed hostilities broke out between the US and Iran, with the benchmark KSE-100 Index shedding over 1,600 points during the opening hours of trading on Friday. At 9:40am, the benchmark index was hovering at 171,278.69, down by 1,615.58 points or 0.93%. Selling was observed in key sectors, including automobile assemblers,
The Senate Standing Committee on National Health Services and Regulations on Thursday advanced on major health reforms and pharmaceutical deregulation strategies. The Senate body also directed the Competition Commission of Pakistan (CCP) to review the matter of the recent hike in medicine prices. The standing committee met here under the chairmanship of Senator Amir Waliuddin Chishti to deliber